Free Writing Prospectus
Filed Pursuant To Rule 433
Registration Nos. 333-217785
333-221842
333-206640
July 10, 2018
WHY CONSIDER INVESTING IN GOLD?
Gold is both an investment and a consumer good. Global economic growth, income growth, monetary policy and market volatility drive demand. A strategic allocation to this unique asset class may help an investor to pursue the following potential benefits of gold:
2
3 SPDR ETFS MAKE IT EASY TO ACCESS GOLD
GLD® | GLDW | GLDM | ||
The Largest Gold ETF that Democratized Access to Gold |
Gold for a Strong Dollar Environment |
Our Lowest Cost Gold ETF | ||
When the SPDR® Gold Shares (GLD) launched in November 2004, it gathered $1 billion in assets under management in just three days. Today, as the largest gold-backed ETF in the world in terms of AUM,3 GLD is designed to offer all investors easy and relatively highly liquid access to the gold market. | Launched January 31, 2017, the SPDR® Long Dollar Gold Trust (GLDW) is designed to offer investors the potential benefits of using gold as a strategic portfolio diversifier while countering the historically negative correlation between a strengthening U.S. dollar and gold prices. | Launched June 26, 2018, the SPDR Gold MiniShares Trust (GLDM) is designed to offer the potential benefits an allocation to gold may bring to a properly balanced portfolio at the lowest total expense ratio (TER) of any gold ETF.4 |
An investment in any combination of GLD, GLDW and GLDM entails a risk of loss and
the diversification offered by the Funds does not ensure a profit or guarantee against loss.
Family of SPDR Gold ETFs
|
||||||
GLD
|
GLDW
|
GLDM
| ||||
Strategy | Long Gold | Tracking the performance of the Solactive GLD® Long USD Gold Index (long gold, long USD versus basket of certain non-US currencies) | Long Gold | |||
Expense Ratio (%) | 0.40 | 0.50 | 0.18 | |||
Physically Backed Gold | Yes | Yes | Yes | |||
Fund Type | Grantor Trust | Grantor Trust | Grantor Trust | |||
Price at Inception | 1/10th oz of gold in USD5 | 1/10th oz of gold in USD6 | 1/100th oz of gold in USD7 | |||
Tracks | Price of gold in USD | Solactive GLD® Long USD Gold Index | Price of gold in USD | |||
NAV Gold Benchmark | LBMA Gold Price PM | LBMA Gold Price AM | LBMA Gold Price PM | |||
Currencies in Basket | N/A | EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%) and CHF (3.6%) | N/A | |||
Storage | HSBC Bank Plc, in London | HSBC Bank Plc, in London | ICBC Standard Bank Plc, in London |
3 | Source: Bloomberg Financial L.P. & State Street Global Advisors. Date as of April 30, 2018. |
4 | Based on GLDMs total expense ratio compared with the total expense ratios included in Morningstars Global Exchange Traded Funds database for the 25 products with reported expense information and identified as having a primary prospectus benchmark to the LBMA Gold Price PM (USD) or the LBMA Gold Price AM (USD) as of June 20, 2018. |
5 | The amount of gold backing each share decreases over time based on the daily accrual of the sponsor fee. |
6 | The amount of gold backing each share will change over time. It will decrease based on the daily accrual of the sponsor fee, but it may increase (decrease) based on the daily outperformance (underperformance) of the USD versus the basket of currencies. |
7 | Figure provided is expected price at inception. The amount of gold backing each share decreases over time based on the daily accrual of the sponsor fee. |
State Street Global Advisors 3
SPDR® Gold Trust, SPDR® Long Dollar Gold Trust and SPDR® Gold MiniSharesSM Trust (each, a Fund and together, the Funds) have each filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offerings to which this communication relates. SPDR® Long Dollar Gold Trust has also filed its prospectus with the National Futures Association. Before you invest, you should read the prospectus in the registration statement and other documents each Fund has filed with the SEC for more complete information about each Fund and these offerings. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, the Funds or any authorized participant will arrange to send you a prospectus if you request it by calling 866.320.4053.